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Interactive Investor (ii) is a UK-based online investment platform that has been serving investors since 1995. As a subscription-based service, it offers a range of investment options and tools tailored for both novice and seasoned investors.
This review provides an overview of ii’s key features, regulatory status, trading instruments, platforms, mobile app, and account types to help beginner traders understand what ii has to offer.
Interactive Investor Key Features
- Flat-Fee Structure: ii charges a fixed monthly fee, which can be cost-effective for larger portfolios.
- Wide Range of Investment Options: Access to shares, funds, ETFs, investment trusts, bonds, and gilts.
- User-Friendly Platforms: Intuitive and well-designed trading platforms suitable for beginners.
- Comprehensive Research Tools: Offers extensive research materials and educational resources to assist investors.
- Regular Investing: Provides free regular investing options, allowing users to automate their investments.
Interactive Investor Regulatory Status & Licenses
Interactive Investor is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom. This regulatory oversight ensures that ii adheres to strict standards of conduct, providing a level of assurance to investors regarding the platform’s integrity and operational practices.
In addition to FCA regulation, customer assets held with ii are protected under the Financial Services Compensation Scheme (FSCS). This scheme protects investments up to £85,000 per person, offering an additional layer of security for investors’ funds.
| Regulatory Authority | License Number | Fund Protection | Negative Balance Protection | Country |
|---|---|---|---|---|
| Financial Conduct Authority (FCA) | 191551 | Up to £85,000 (FSCS) | Yes | United Kingdom |
| Prudential Regulation Authority | N/A | Bank-Level Safeguards | Yes | United Kingdom |
| Financial Ombudsman Service | N/A | Complaint Resolution | Yes | United Kingdom |
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Interactive Investor Trading Instruments
Interactive Investor offers a diverse array of trading instruments, catering to various investment preferences. Users can invest in UK and international shares, a wide selection of funds, ETFs, investment trusts, as well as bonds and gilts.
The platform’s extensive range of investment options allows investors to build diversified portfolios, aligning with their individual financial goals and risk tolerance.
| Asset Class | Number of Assets | Leverage | Spreads (Typical) |
|---|---|---|---|
| UK Shares | 1,500+ | N/A | Market-dependent |
| International Shares | 3,000+ | N/A | Market-dependent |
| ETFs | 1,000+ | N/A | Market-dependent |
| Funds (Mutual, OEICs) | 2,000+ | N/A | No spread |
| Investment Trusts | 400+ | N/A | Market-dependent |
| Bonds & Gilts | Dozens | N/A | Fixed/Variable |
| VCTs (Venture Capital) | 100+ | N/A | N/A |
| SIPP-Eligible Assets | 4,000+ | N/A | N/A |
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Interactive Investor Trading Platforms
Interactive Investor provides user-friendly trading platforms that cater to both beginners and experienced investors. The platforms are designed to offer intuitive navigation, comprehensive research tools, and efficient trade execution.
These platforms are accessible via web browsers and are compatible with various devices, ensuring that investors can manage their portfolios conveniently.
| Platform | Availability | Features |
|---|---|---|
| Web Platform | Browser-based | Real-time quotes, watchlists, research tools, portfolio tracking |
| Mobile App | iOS, Android | Account management, notifications, real-time trading |
| Interactive Investor Hub | Web & Mobile | Account insights, investment ideas, news, fund ratings |
| Secure Messaging | Web & Mobile | Encrypted communication with support team |
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Interactive Investor Mobile App
Interactive Investor’s mobile app enhances the flexibility of managing investments on-the-go. The app is available for both iOS and Android devices, providing a seamless experience across platforms.
Users can execute trades, monitor their portfolios, and access research materials directly from their mobile devices, making it convenient to stay updated with market movements.
| Feature | iOS Rating | Android Rating |
|---|---|---|
| Mobile Trading | 4.5/5 | 4.4/5 |
| Account Management | 4.6/5 | 4.3/5 |
| Price Alerts | 4.3/5 | 4.1/5 |
| Market Watchlists | 4.4/5 | 4.2/5 |
| Secure Login (Face/Touch ID) | 4.7/5 | 4.5/5 |
| In-App Research | 4.2/5 | 4.1/5 |
Interactive Investor Account Types
Interactive Investor offers a variety of account types to suit different investment needs. Each account type comes with specific features and fee structures, allowing investors to choose the one that best aligns with their financial objectives.
The platform’s flat-fee structure can be particularly advantageous for investors with larger portfolios, as it may result in lower overall costs compared to percentage-based fees.
| Account Type | Minimum Deposit | Leverage | Spreads | Commission |
|---|---|---|---|---|
| Trading Account | £0 | N/A | Variable | £3.99 per trade |
| Stocks & Shares ISA | £0 | N/A | Variable | £3.99 per trade |
| SIPP | £0 | N/A | Variable | £3.99 per trade |
| Junior ISA | £0 | N/A | Variable | £3.99 per trade |
| Corporate Account | £0 | N/A | Variable | Custom |
| Joint Account | £0 | N/A | Variable | £3.99 per trade |
| Pension Trading Account | £0 | N/A | Variable | £3.99 per trade |
| Model Portfolio Access | £0 | N/A | N/A | Included in plan |
Interactive Investor Commissions & Fees
Interactive Investor (ii) operates on a flat-fee structure, which can be cost-effective for investors with larger portfolios. The platform offers several subscription plans:
- Investor Essentials: £4.99 per month, suitable for portfolios up to £50,000.
- Investor: £11.99 per month, ideal for portfolios over £50,000, includes one free trade per month.
- Super Investor: £19.99 per month, designed for active traders, includes two free trades per month.
Trading commissions are set at £3.99 per trade for UK and US shares, funds, ETFs, and investment trusts. Non-US international trades incur a fee of £9.99 per trade.
| Fee Type | Investor Essentials | Investor | Super Investor |
|---|---|---|---|
| Monthly Subscription | £4.99 | £11.99 | £19.99 |
| UK/US Trade Commission | £3.99 per trade | £3.99 | £3.99 |
| Free Trades | None | 1/month | 2/month |
| Non-US International Trades | £9.99 per trade | £9.99 | £9.99 |
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Interactive Investor Deposit & Withdrawals
Interactive Investor provides multiple methods for deposits and withdrawals, ensuring flexibility for its users. Deposits can be made via bank transfers, debit cards, and regular investment plans, all without incurring fees.
Withdrawals are free, with one free withdrawal per month; subsequent withdrawals within the same month may incur a £15 fee.
| Payment Method | Deposit Fee | Withdrawal Fee | Processing Time |
|---|---|---|---|
| Bank Transfer | £0 | £0 | 1-2 business days |
| Debit Card | £0 | N/A | Instant |
| Regular Investment Plan | £0 | N/A | Scheduled |
| Same-Day UK Withdrawal | N/A | £15 | Same day |
| Next-Day UK Withdrawal | N/A | £0 | Next business day |
| International Withdrawal | N/A | £15 | 3-5 business days |
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Interactive Investor Customer Support
Interactive Investor offers customer support through various channels, including phone and secure messaging. Support is available during business hours, ensuring that investors can receive assistance when needed. The platform supports communication in English.
| Support Channel | Availability | Response Time | Languages |
|---|---|---|---|
| Phone Support | Mon-Fri 7:45 AM – 5:30 PM (GMT) | Within 24 hours | English |
| Secure Messaging | 24/7 | Within 24 hours | English |
| Help Centre | 24/7 | Immediate | English |
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Interactive Investor Education & Research
Interactive Investor provides a comprehensive suite of educational resources and research tools to assist investors in making informed decisions. These resources include market news, investment insights, and educational articles. The quality of these materials is highly regarded, offering valuable information to both novice and experienced investors.
| Resource Type | Availability | Quality |
|---|---|---|
| Market News | Yes | High |
| Investment Insights | Yes | High |
| Educational Articles | Yes | High |
| Webinars | Yes | High |
| Tutorials | Yes | High |
| Investment Guides | Yes | High |
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Interactive Investor Google Reviews & Reputation
Interactive Investor maintains a strong reputation among its users. On Trustpilot, the platform is rated as ‘Excellent’ with a score of 4.7 out of 5.0, based on over 25,000 reviews. Users frequently commend the platform’s customer service and comprehensive investment options.
| Rating Factor | Score (out of 5) | Trustpilot Rating | App Store Rating | Google Play Rating |
|---|---|---|---|---|
| Trustpilot | 4.7 | Excellent | N/A | N/A |
| App Store | 4.4 | N/A | 4.4 | N/A |
| Google Play | 4.4 | N/A | N/A | 4.4 |
| Finder.com | 4.0 | N/A | N/A | N/A |
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Interactive Investor Bonuses & Promotions
Interactive Investor occasionally offers promotions to attract new customers and reward existing ones. As of the current period, the platform provides:
- Free Trading Credit: New customers opening an ISA or Trading Account receive £100 in trading credit.
- Cashback for SIPP Accounts: New SIPP customers can receive between £100 to £3,000 cashback, depending on the amount transferred.
These offers are valid until April 5, 2025, and terms and conditions apply.
Interactive Investor Advantages & Disadvantages
Interactive Investor offers several benefits, particularly for investors with larger portfolios. However, there are also considerations to keep in mind, especially for those with smaller investment amounts.
| Pros | Cons |
|---|---|
| Flat-fee structure beneficial for large portfolios | Monthly fees may be high for small portfolios |
| Extensive range of investment options | Charges for mutual fund trades (£3.99) |
| Comprehensive research and educational resources | Platform may be less cost-effective for portfolios under £15,000 |
Final Thoughts
Interactive Investor stands out as a robust investment platform, particularly advantageous for investors with substantial portfolios due to its flat-fee structure. The platform’s extensive range of investment options, coupled with comprehensive research and educational resources, makes it a compelling choice for both novice and seasoned investors.
However, individuals with smaller portfolios should carefully assess the fee structure to ensure it aligns with their investment strategy. Overall, Interactive Investor provides a solid foundation for effective investment management.